Labor market segmentation refers to the division of the labor market into distinct sub-markets or segments, each with its own characteristics and dynamics. These segments can be based on factors such as skill level, industry, or job type. For example, the primary labor market typically includes stable jobs with good wages and benefits, while the secondary labor market consists of lower-paying, less secure jobs. This segmentation can lead to unequal opportunities and outcomes for workers. Individuals in the primary labor market often enjoy better job security and career advancement, while those in the secondary labor market may face challenges such as limited mobility and fewer benefits.